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Haier, Blackstone, Goldman Sachs may buy Videocon’s electronics business

The current market valuation of Videocon’s consumer electronics business stands at $2 billion.

September 26, 2018  |  comments ( 0 )  | 

PC Jeweller reduce bank liabilities by 10% in Q1 FY19

The company also informed that it has reduced bank liabilities from internal accruals and better realisations from the inventory.

August 22, 2018  |  comments ( 0 )  | 

Shoppers Stop betting big on omni-channel strategy

The company said it believes that more consumers across the country will discover Shoppers Stop through its digital shopping channels.

July 16, 2018  |  comments ( 0 )  | 

Aditya Birla Retail signs pact to sell More to Samara Capital for Rs 4,300 cr

In 2017 fiscal, ABRL reported a 20% increase in sales to Rs 4,194 crore, narrowing net losses to Rs 644 crore from the year earlier. However, the company had debt of

June 30, 2018  |  comments ( 0 )  | 

Patanjali Makes 30% Higher Bid To Buy Ruchi Soya

As per the sources, the latest bid is around 30 percent higher than offered by vying Adani group, which has offered around Rs 3,300 crore to the company.

May 28, 2018  |  comments ( 0 )  | 

Britain's Mothercare Seeks More Money From Investors For Restructuring Plan

The Britain based brand has seen sales and profit hammered by intense competition from supermarket groups and online retailers in its main UK market as well as by rising

May 15, 2018  |  comments ( 0 )  | 

Philips gives India rights to TPV Technology To Bring Back TVs

Debt ridden Videocon was unable to sustain production of several brands due to working capital crisis and consequently the Philips television range had almost vanished

May 08, 2018  |  comments ( 0 )  | 

Shoppers Stop Eyes 10% Sales From Omni-channel Outlets in next 3 years

Shoppers Stop, which had registered a consolidated total income of Rs 3,713.25 for financial year 2017-18, is expecting a growth of 7.5 per cent and above.

April 30, 2018  |  comments ( 0 )  | 

Videocon approaches NCLT For Joint Hearing Of Insolvency Cases

The principal bench has directed to list immediately the matter once affidavit is filed by Videocon Industries.

April 25, 2018  |  comments ( 0 )  | 

PrettySecrets Aims To Double Offline Retail Presence By Year End

The brand offers about 1,000 products in the category of lingerie, night wear, swim wear and active wear.

April 23, 2018  |  comments ( 0 )  | 

Avenue Supermarts M-cap Crosses Rs 90,000 Crore Mark

Share price of Avenue Supermarts closed 3.48 per cent up at Rs 1,488, whereas benchmark BSE Sensex settled 91.71 points up at 33,880.

April 11, 2018  |  comments ( 0 )  | 

Aditya Birla Group To Issue Rs 2,800 Cr Equity For Debt Weigh Down

ABRL, the operator of More supermarkets, reported a 20% increase in FY17 sales to Rs 4,194 crore, with net loss narrowing to Rs 644 Cr.

March 31, 2018  |  comments ( 0 )  | 

Sachin Tendulkar Backed Universal Sportsbiz raises Rs 30 crore in venture debt

This is the second investment from Alteria Capital's Rs 1, 000 crore fund after its recent investment in ready-to-cook food brand Fingerlix.

March 27, 2018  |  comments ( 0 )  | 

Insolvency Shuts 70 Year Old 'Toys R Us'

The closing of the company's 740 US stores over the coming months will finalise the downfall of the chain that succumbed to heavy debt and relentless trends that undercut

March 17, 2018  |  comments ( 0 )  | 

Rs 5,000 Cr Loan Defaults Drags Reid & Taylor, S Kumars To Court

The insolvency proceedings were initiated by IDBI Bank against S. Kumars Nationwide, while Edelweiss Asset Reconstruction Company has dragged Reid & Taylor (India) to

March 09, 2018  |  comments ( 0 )  |